{"id":58364,"date":"2019-12-06T10:04:29","date_gmt":"2019-12-06T10:04:29","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58364"},"modified":"2020-01-29T12:25:21","modified_gmt":"2020-01-29T12:25:21","slug":"imf-release-usd-500-mn-2nd-loan-instalment-hafeez-sheikh","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-release-usd-500-mn-2nd-loan-instalment-hafeez-sheikh.html","title":{"rendered":"IMF to release USD 500 mn as 2nd loan instalment: Hafeez Sheikh"},"content":{"rendered":"<p>Karachi: Advisor to Prime Minister on Finance and Revenue Hafeez Shaikh on Tuesday announced that the International Monetary Fund (IMF) has approved the release of the second loan instalment to the country \u2014 amounting to USD 500 million, according to news sources.<\/p>\n<p>He made this announcement while addressing a press briefing in Islamabad. He went on to state that the IMF, Bloomberg and the World Bank had recognized Pakistan\u2019s efforts to meet economic targets through financial reforms.<\/p>\n<p>The advisor said that the government\u2019s new policies were yielding positive outcomes, evidenced by the increase in exports and investments, the reduced current account deficit, and an enhanced financial outlook.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistan-receive-second-tranche-imf-loan.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan to receive second tranche of IMF loan<\/a><\/p>\n<p>He referred to <a href=\"https:\/\/www.zameen.com\/news\/moody-ranks-pakistans-economic-outlook-stable.html\" target=\"_blank\" rel=\"noopener noreferrer\">Moody\u2019s recent decision to upgrade Pakistan\u2019s ranking <\/a>and said that the dynamics of this balance of payments will continue to improve through currency flexibility and policy adjustments. He added that the decrease in economic debt observed over the last few months was also a welcome sign.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/govt-imf-agree-slash-fbrs-tax-collection-target.html\" target=\"_blank\" rel=\"noopener noreferrer\">Govt, IMF agree to slash FBR&#8217;s tax collection target<\/a><\/p>\n<p>Additionally, Hafeez Shaikh vowed that the government was working on reducing the interest rates for loans provided to investors, and also planned to strengthen the construction sector in order to boost the national economy. Moreover, he revealed that there had been a 100% increase in Pakistan\u2019s non-tax revenue collection, due to the new and improved policies of the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Advisor to Prime Minister on Finance and Revenue Hafeez Shaikh on Tuesday announced that the International Monetary Fund (IMF) has approved the release of the second loan instalment to the country \u2014 amounting to USD 500 million, according to news sources. He made this announcement while addressing a press briefing in Islamabad. He went on to state that the IMF, Bloomberg and the World Bank had recognized Pakistan\u2019s efforts to meet economic targets through financial reforms. The advisor said that the government\u2019s new policies were yielding positive outcomes, evidenced by the increase in exports and investments, the reduced current account deficit, and an enhanced financial outlook. Read:\u00a0Pakistan to receive second tranche of IMF loan He referred to Moody\u2019s recent decision to upgrade Pakistan\u2019s ranking and said that the dynamics of this balance of payments will continue to improve through currency flexibility and policy adjustments. He added that the decrease in economic debt observed over the last few months was also a welcome sign. Read:\u00a0Govt, IMF agree to slash FBR&#8217;s tax collection target Additionally, Hafeez Shaikh vowed that the government was working on reducing the interest rates for loans provided to investors, and also planned to strengthen the construction sector&hellip;<\/p>\n","protected":false},"author":75,"featured_media":52104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14290],"persona":[],"class_list":{"0":"post-58364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-imf-to-release-usd-500-mn-as-2nd-loan-instalment-hafeez-sheikh"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF to release USD 500 mn as 2nd loan instalment: Hafeez Sheikh - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Advisor to Prime Minister on Finance and Revenue Hafeez Shaikh on Tuesday announced that the International Monetary Fund (IMF) has approved the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/imf-release-usd-500-mn-2nd-loan-instalment-hafeez-sheikh.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF to release USD 500 mn as 2nd loan instalment: Hafeez Sheikh - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Advisor to Prime Minister on Finance and Revenue Hafeez Shaikh on Tuesday announced that the International Monetary Fund (IMF) has approved the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-release-usd-500-mn-2nd-loan-instalment-hafeez-sheikh.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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